Norges Bank’s working papers present research projects and reports that are generally not in their final form. Other analyses by Norges Bank’s economists are also included in the series. The views and conclusions in these documents are those of the authors.

Norges Bank’s Working Papers are also distributed by RepEc and BIS Central Bank Research Hub.

ISSN 0801-2504 (print). ISSN 1502-8143 (online). 

The papers are available free of charge and may be ordered individually or by subscription. Orders may be sent to subscription service.

2009/29	Mean reversion in profitability for non-listed firms, by Kjell Bjørn Nordal and Randi Næs, (Norges Bank Financial Stability, Research Department)
2009/28	Optimality of prompt corrective action in a continuous - time model with recapitalization possibility, by Vo Thi Quynh Anh, (Research Department)
2009/27	Are bank lending shocks important for economic fluctuations?, by Jørn Inge Halvorsen and Dag Henning Jacobsen, (Research Department and Financial Markets Department)
2009/26	The information content of market liquidity: An empirical analysis of liquidity at the Oslo Stock Exchange?, Johannes A. Skjeltorp and Bernt Arne Ødegaard, (Research Department)
2009/25	The origins of a paper money economy - the case of Norway, by Lars Fredrik Øksendal, (Norges Bank’s bicentenary project)
2009/24	What factors affect the Oslo Stock Exchange?, Randi Næs, Johannes A. Skjeltorp and Bernt Arne Ødegaard, (Research Department)
2009/23	Combining VAR and DSGE forecast densities, Ida Wolden Bache, Anne Sofie Jore, James Mitchell and Shaun P. Vahey, (Monetary Policy Department)
2009/22	Bagehot for beginners: The making of lending of last resort operations in the mid-19th century, Vincent Bignon, Marc Flandreau and Stefano Ugolini, (Norges Bank´s bicentenary project)
2009/21	The historical connection between short term output and prices in a small open economy, by Ola Grytten and Arngrim Hunnes, (Norges Bank´s bicentenary project)
2009/20	Price stability and inflation persistence during the international gold standard: The Scandinavian case , by Ola Grytten and Arngrim Hunnes, (Norges Bank´s bicentenary project)
2009/19	Evaluating ensemble density combination - forecasting GDP and inflation, by Karsten R. Gerdrup, Anne Sofie Jore, Christie Smith and Leif Anders Thorsrud, (Economics Department)
2009/18	Bank regulation and bank crisis, by Sigbjørn Atle Berg and Øyvind Eitrheim, (Norges Bank´s bicentenary project)
2009/17	Overconfidence, monetary policy committees and chairman dominance, by Carl Andreas Claussen, Egil Matsen, Øistein Røisland and Ragnar Torvik, (Research Department)
2009/16	Real-time inflation forecasting in a changing world, By Jan J. J. Groen, Richard Paap and Francesco Ravazzolo, (Research Department)
2009/15	Macro modelling with many models, By Ida Wolden Bache, James Mitchell, Francesco Ravazzolo and Shaun P. Vahey., (Research Department)
2009/14	Social capital and the viability of stakeholder-oriented firms: Evidence from Norwegian savings banks, By Charlotte Ostergaard, Ibolya Schindele and Bent Vale, (Research Department)
2009/13	Do re-election probabilities influence public investment?, By Jon H. Fiva and Gisle James Natvik, (Research Department)
2009/12	Bootstrapping the likelihood ratio cointegration test in error correction models with unknown lag order, By Christian Kascha and Carsten Trenkler, (Research Department)
2009/11	Price adjustments and inflation - evidence from Norwegian consumer price data 1975-2004, by Fredrik Wulfsberg, (Research Department)
2009/10	Forecast accuracy and economic gains from Bayesian model averaging using time varying weight, by Lennart Hoogerheide, Richard Kleijn, Francesco Ravazzolo, Herman K. van Dijk and Marno Verbeek, (Research Department)
2009/9	Monetary policy and exchange rate overshooting: Dornbusch was right after all, by Hilde C. Bjørnland, (Economics Department)
2009/8	Fiscal stimulus in a credit crunch: the role of wage rigidity, By Francesco Furlanetto, (Research Department)
2009/7	The political economy of fiscal deficits and government production, by Gisle James Natvik, (Research Department)
2009/6	The role of house prices in the monetary policy transmission mechanism in small open economies, by Hilde C. Bjørnland and Dag Henning Jacobsen, (Financial Markets Department)
2009/5	Lumpy investment and state-dependent pricing in general equilibrium, by Michael Reiter, Tommy Sveen and Lutz Weinke, (Monetary Policy Department)
2009/4	Norwegian banks in a recession: Procyclical implications of Basel II, By Henrik Andersen, (Financial Market Department)
2009/3	Revisiting the importance of non-tradable goods’ prices in cyclical real exchange rate fluctuations, By Ida Wolden Bache, Kjersti Næss, and Tommy Sveen, (Monetary Policy Department)
2009/2	Wage rigidity, institutions, and inflation, By Steinar Holden and Fredrik Wulfsberg, (Research Department)
2009/1	Does forecast combination improve Norges Bank inflation forecasts?, By Hilde C. Bjørnland, Karsten Gerdrup, Anne Sofie Jore, Christie Smith and Leif Anders Thorsrud., (Economics Department)